July 6, 2008

Three solutions to the high price of Gasoline

Newt Gingrich gives a three-minute talk and outlines a very feasible way to bootstrap ourselves into energy independence.
YouTube: Newt: 3 Ways to Lower Gas Prices
His first one is something I never thought about. Much of the high price is due to speculation. His solution is to dump one third of the USA Strategic Petroleum Reserve onto the open market. This would artificially lower the price of oil by about $50/barrel and really punish the speculators. Heh...
A big hat tip to our brother across the pond - Theo Spark - for the link.
Posted by DaveH at July 6, 2008 10:48 AM